Business owners insurance

Owning a business can be hugely rewarding. However, it also means that you’re accountable to your shareholders, your employees and your clients.

At Nedbank Insurance, our business owners insurance means we can help your business if one of the co-owners passes away, becomes disabled or falls critically ill. If you take out the Buy & Sell Plan, we’ll pay out a lump sum that the remaining co-owners can use to buy the share of a co-owner who passed away, or who becomes critically ill or disabled. This means that your business can continue doing what it does best, even when the unexpected happens.

Benefits

Other co-owners can buy the share of the business belonging to a co-owner who has passed away or who falls critically ill or becomes disabled.

If a co-owner passes away, his or her estate will get fair value for his or her interest in the business.

Your business will keep running smoothly because the remaining co-owners won’t have to bring the deceased owner’s heirs into the business.

Your heirs will be protected, because they will inherit the value of the business interest and won't need to liquidate their share.

Is Business Owners Insurance right for me?

I have co-owners in my business.

I want to buy policies on the lives of my business's co-owners, and I want them to be able to buy a policy on my life in return.

I want flexible owners cover that can be adapted as my business needs change.

Because the life cover premiums aren’t tax-deductible, the proceeds on business owners insurance are paid out free of income tax.